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Lemont 60439
505 Warner Avenue
$250,000
● House - Off Market

505 Warner Avenue

Lemont, IL 60439
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,500 Ft²
$236,920
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Fantastic opportunity to add your personal touch to this spacious 4+ bed home with detached brick garage .This would also make an excellent rental property. House is being sold "as is" .Broker owned
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$90
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1891

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11300645)

Price History

Date / Event Date Event Price
Feb 4, 2022 Sold
Premium
Sold
Jan 8, 2022 Listed by Super Buy Realty $225,000
Listed by Super Buy Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1891
  • Effective Year Built: 1891
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,497
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 590
  • Total Building Area: 2,224
  • Gross Building Area: 2,224
  • Building Area: 2,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTON & WARNER
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (NORTON) & (WARNER) SUB OF EH OF NE1/4 OF NW 1/4 EH N E NW SEC 29-37-11

Neighborhood

  • School District Name: Lemont Township High School District 210
  • Census Tract: 824005

Geography

  • District: 19
  • Parcel: 22-29-103-001-0000
  • Block: 2
  • Lot: 1
  • Meridian: SEC 29 TWN 37N RNG 11E
  • Municipality: LEMONT
  • Latitude: 41.6709
  • Longitude: -88.0024

    Address

  • Full Address: 505 Warner Ave
  • Address - House Number: 505
  • Address - Street Name: Warner
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lemont
  • Carrier Code: C001
  • 4-Digit Zip Code: 3824
  • Zip Code: 60439

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $403,633
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 226,867
  • High Value: 261,109
  • Low Value: 192,624

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $53,110
  • Market Improvement Value: $246,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $5,311
  • Assessed Improvements Value: $24,689

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 09, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2204021506
  • Previous Sale Recording Date: Dec 01, 2003
  • Previous Sale Contract Date: Oct 08, 2003
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lemont

Stats & Trends

Median Asking:

$574,900

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2434 ft²

Average Home Age

31.9 years

Currently For Sale

60 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 14 Timberline Court, Lemont, IL, 60439

$3,500 /mo

  • 4 Beds
  • 4 Baths
  • 1,803 ft²
14 Timberline Court, Lemont, IL, 60439 Listing by Christina Barbaro

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Vic Poskus, Super Buy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11300645
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 505 Warner Avenue built and last sold?
The property at 505 Warner Avenue was built in 1891 and last sold on Feb 4, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 505 Warner Avenue is $0.
What are some comparable homes to 505 Warner Avenue?
There are currently no comparable homes to 505 Warner Avenue.
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